round the globe, the demand for medicines is high, and while some medications are produced locally, others need to be imported from different cities or countries. This underscores the importance of pharmaceutical trade, which must be both ethical and business-oriented.
For pharmaceutical importers in India, managing the import process effectively is crucial. Here’s a guide to help you navigate the process with minimal hassle.
Government Registration
To import or export pharmaceuticals, government registration is essential. In India, you need to obtain an Importer Exporter Code (IEC) from the Director General of Foreign Trade (DGFT), Ministry of Commerce. The IEC Code is a unique 10-digit number required for all import and export activities. It is issued against a single PAN or Aadhaar number and is mandatory for conducting trade.
Common Documents Required to Import Pharma Products
As a pharmaceutical importer, you must have the following documents:
Certificate from Wildlife Protection Board: Required if the imported products fall under the regulation list of the Wildlife Protection Board.
No Objection Certificate (NOC): Needed from the drug controller for importing pharmaceutical products.
Certificate of Origin: This document indicates the country where the goods were manufactured and includes details about the product, its destination, and the country of export.
Other necessary documents may include the bill of lading or airway bill, insurance certificate, and test reports, depending on the regulations. These documents are crucial for completing customs clearance procedures.
Procedure and Formalities
Before shipping, the importer and supplier must agree on several terms, including specifications, quality, pricing, payment terms, delivery time, and mode of shipment. These details should be included in the purchase order.
Additionally, an advance notice may be required for authorities before the goods arrive at the port.
Public health considerations mean that medicines should not be treated like ordinary commodities. Their manufacturing and handling must meet strict standards to ensure high-quality medicines and prevent the entry of substandard or counterfeit products into the supply chain.
New Globe Group is a trusted pharmaceutical importer in India, offering efficient and secure services. Their team of certified experts ensures effective management of imports and exports, complying with federal regulations and adhering to best practices.
For reliable pharmaceutical import services, contact New Globe Group today. They provide customized solutions tailored to your needs and ensure high standards in handling pharmaceutical products.